https://www.taxtmi.com/caselaws?id=439088 The Tribunal partly allowed the appeal, remanding the case to the CIT(A) for further verification regarding the depreciation claim. Relief was granted for the disallowance under Section 40A(3) due to a genuine mistake in payment mode, while the disallowance for non-deduction of TDS was upheld. The issues of levying interest under Section 234B/C and initiating penalty proceedings under Section 271(1)(c) were not extensively addressed, indicating they were not primary grounds of appeal. en-us Wed, 16 Nov 2022 00:00:00 +0530 Fri, 16 Jun 2023 09:50:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=439088 The Tribunal partly allowed the appeal, remanding the case to the CIT(A) for further verification regarding the depreciation claim. Relief was granted for the disallowance under Section 40A(3) due to a genuine mistake in payment mode, while the disallowance for non-deduction of TDS was upheld. The issues of levying interest under Section 234B/C and initiating penalty proceedings under Section 271(1)(c) were not extensively addressed, indicating they were not primary grounds of appeal. Case-Laws Income Tax Wed, 16 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=439088